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Kimberly Clark lowers outlook amid “changes in the global geopolitical landscape”

Huggies and Kleenex maker Kimberly Clark fell in early trading after it lowered its profit forecast for the year amid tariff uncertainty.

Kimberly-Clark said it expects its profits to be flat in 2025 after previously predicting high single-digit growth. The change reflects “a reassessment of its cost base, including potential impacts from changes in the global geopolitical landscape.”

The company reported earnings per share of $1.93, compared to the $1.86 analysts polled by FactSet were estimating. It also reported $4.8 billion in sales, roughly in line with what the Street expected.

“The current environment will now mean greater costs across our global supply chain versus our expectations at the beginning of the year,” CEO Mike Hsu said in a statement. “However, we remain confident in our ability to offset these costs over time and unlock our long-term potential.”

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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